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A comment on NBA suspends season over the coronavirus after player tests positive. Parent comment

Re:NBA suspends season over the coronavirus after player tes... by lordnacho on Thursday March 12, 2020 @03:52AM (#22554666)
You're right that it's different, but this is nothing like the dot com bust. People could still do other work when that happened. Also note that equity busts are quite different from credit busts.

This really is a massive bomb under the economy. Credit is stretched by years of low rates and now a lot of things have to stop.

Other commentators hint at postponed spending, which would be good. But many things in the economy do not work that way. If you skip your holiday now, it's not coming back and the hotels and restaurants will not get that money later. Same with a number of other businesses.

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Re:NBA suspends season over the coronavirus after player tes... by arcticbull on Thursday March 12, 2020 @03:55AM (#22554680)
You don’t think someone who was forced to cancel their February vacation wouldn’t take an August vacation once the situation sorted itself out?
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Re:NBA suspends season over the coronavirus after player tes... by lordnacho on Thursday March 12, 2020 @05:07AM (#22555008)
Some will, but many won't. There's a fair few frictions in that. Say you couldn't get a refund for whatever reason. Or your boss won't give you the time. Or whatever occasion you went for is passed.

It's not that I'm saying it's all lost, but you have to count on some share being lost.

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Re:NBA suspends season over the coronavirus after player tes... by rjtavares on Thursday March 12, 2020 @04:17AM (#22554776)
This won't be sorted by August.
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Re:NBA suspends season over the coronavirus after player tes... by arcticbull on Thursday March 12, 2020 @04:48AM (#22554920)
Cool, any data or is that just speculation? Either way I was asking a hypothetical question.
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Re:NBA suspends season over the coronavirus after player tes... by amalter on Thursday March 12, 2020 @07:32AM (#22555690)
It’s more the other direction. What evidence do we have that this will be sorted by August?

There has been no evidence that Cov-2 is anywhere as heat sensitive as influenza. This isn’t “the flu”. It doesn’t have to conform to flu patterns.

Right now the only countries getting this under control are ones that have started social distancing early and left many measures in place.

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